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he wants to expand a tax break for lower income workers, and he wants to take away a tax break currently enjoyed by high-ear high-earning hedge fund types who earn most of their income from fees they charge investors. that's all i'm going to tell you at the moment about what is in this budget. instead, i want to you focus on what is wrong with the entire budget process in washington. formerly presidents present a budget to congress. president obama is a month late, but that's the least of the problems. then congress develops it's own version of the budget, and they vote on it by april 15th, sending it back to the president to be signed into law by then. this has not happened in years. keep in mind appropriating money to pay for things is the one thing that constitution actually requires congress to do. everything else is optional. there is a problem, unlike good wine, a federal budget does not get better with age. it gets worse because it uses old priorities to deal with new problems. nevertheless, we more or less extended the current budget now for almost five years. it's been nearly fi
he wants to expand a tax break for lower income workers, and he wants to take away a tax break currently enjoyed by high-ear high-earning hedge fund types who earn most of their income from fees they charge investors. that's all i'm going to tell you at the moment about what is in this budget. instead, i want to you focus on what is wrong with the entire budget process in washington. formerly presidents present a budget to congress. president obama is a month late, but that's the least of the...
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bridges and trans take sit telephone the highway trust fund gets $35 billion a year from a federal tax in gasoline could run out of money in august because that's not enough to meet all the road and 90 minutes needs, to a avoid that, congress needs to authorize new funding before september. about you the president's four-career fran take proposal is more ambition herb which means it probably won't get through congress think we say that because the president got nowhere when he tried something even more ambushing us in 2011 establishing a bank that leverages private funds for transportation, water and energy. with an infrastructure bank the federal government would identify big projects in the public interest visit mon from the private sector and guarantee the loan it's a joint public private model used by many countries around the world but smacks too much of the socialism to many republicans in congress. in the meantime american continues to sufferer because i've lack of leadership on this issue you. a concept of a national infrastructure bank isn't new but pro* proposals to create on
bridges and trans take sit telephone the highway trust fund gets $35 billion a year from a federal tax in gasoline could run out of money in august because that's not enough to meet all the road and 90 minutes needs, to a avoid that, congress needs to authorize new funding before september. about you the president's four-career fran take proposal is more ambition herb which means it probably won't get through congress think we say that because the president got nowhere when he tried something...
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the earned income tax credit for low wage workers, and a tax loophole that significantly lowers taxes for managers. and it calls for a $66 billion increase in spending this year. >>> and the political midterms this year, expected soon in texas, the polls closed at the top of the hour, and there has been pressure in the state to get the vote out. most of the national attention, on the governor's race, heidi castro is there with more. how is the turnout today? >> with the polls close to an hour ago, we have the early voting numbers to share with you, looking at 6-8% across the state, which is higher than when texans turned out to an urban primary. most of this can be attributed to the wendy davis campaign. she's scene as the best hope for governor in 20 years. early returns from the primary show that she's well on her way to winning. however, in november, this will be a much different story. that's when davis will face-off with her highly favored republican proponent, attorney general, greg abbot. he's currently at 11 points ahead of her in the polls, and i think it's safe to say that m
the earned income tax credit for low wage workers, and a tax loophole that significantly lowers taxes for managers. and it calls for a $66 billion increase in spending this year. >>> and the political midterms this year, expected soon in texas, the polls closed at the top of the hour, and there has been pressure in the state to get the vote out. most of the national attention, on the governor's race, heidi castro is there with more. how is the turnout today? >> with the polls...
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the basic way the earned a tax credit worked is this an eligible worker will earn a tax credit for every dollar he or she makes. a formula determines how much a worker ultimately receives under the program's caps. that amount the worker receives is then applied to taxes. for example, if someone owed $700 in taxes and has a credit of $900 they would get a refund of $200. working families with children currently stand to benefit the most. they qualify for a credit if they earn under 38,000 to $51,000. generally a salary increase the credit lowers. a married couple with two children making $45,000 would be eligible for a credit of $706. low-wage workers without children currently benefit the least. a person with no children earning $12,000 would only be eligible for a credit of $177. president obama wants to change that. he's proposing to include more low income workers without children. he also wants to extend the age limits to include younger and older workers. cashiers, retail sales people along with waiters and waitresses are among the workers standing to be helped the most under the pr
the basic way the earned a tax credit worked is this an eligible worker will earn a tax credit for every dollar he or she makes. a formula determines how much a worker ultimately receives under the program's caps. that amount the worker receives is then applied to taxes. for example, if someone owed $700 in taxes and has a credit of $900 they would get a refund of $200. working families with children currently stand to benefit the most. they qualify for a credit if they earn under 38,000 to...
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to off set the cost, the president proposes an end to an old tax break, closing tax loopholes for high income several employed workers and fund managers, garnering $6 billion over 10 years. the president is proposing full time workers with kids get a bigger tax credit to cover child care costs. he wants to make preschool available for all 4-year-olds, also the tax credit for college tuition he wants to make permanent. he's including funding to upgrade aging highways and railways across the country. overall, the tax cuts are the biggest headline, expected to help 15.5 million americans. aljazeera. >> here now to break down president obama's budget proposal is chief political strategist joining us from washington. the president's budget proposal is not likely to have any legs given the divided congress especially when it comes to any new spending. are any of these proposals viable? >> this town is not as grid locked today as a year ago -- >> true -- >> we've seen progress with budget deal and farm bill deal. two of the things the president proposes do have republican support. one is expa
to off set the cost, the president proposes an end to an old tax break, closing tax loopholes for high income several employed workers and fund managers, garnering $6 billion over 10 years. the president is proposing full time workers with kids get a bigger tax credit to cover child care costs. he wants to make preschool available for all 4-year-olds, also the tax credit for college tuition he wants to make permanent. he's including funding to upgrade aging highways and railways across the...
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the president plans to pay for it by scaling back tax breaks for wealthier americans. >> the budget is about choices. it is about our values. as a country we have to make a decision if we are going to protect tax breaks or make smart investments to grow our jobs and expand opportunity for every american. those are the head lines. >> there are reasons why men and women in uniform are killing themselves. a tragic less visible cost of war is the inside story. >> hello, i'm ray suarez. during america's two wars this centure
the president plans to pay for it by scaling back tax breaks for wealthier americans. >> the budget is about choices. it is about our values. as a country we have to make a decision if we are going to protect tax breaks or make smart investments to grow our jobs and expand opportunity for every american. those are the head lines. >> there are reasons why men and women in uniform are killing themselves. a tragic less visible cost of war is the inside story. >> hello, i'm ray...
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issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america will hold a news conference tomorrow. he went on the run last weekend, and the has taken refuge in russia. meanwhile, the parliament has avoidedded a coalition government. two california legislature has passed an almost $700 million drought relief fund today. the plan includes penalties for divert c. penny water and is headed to the desk right now. the second system in building over a second weather system is building over the state right now. prompting fears of landslides have been issued near california. during a m
issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to...
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the white house said the budget would raise taxes on the wealthy while providing a tax budget and expand early childhood education. >>> newly released studies call into evaluation the early psychiatric studies used by the army. journal offer medical reports finds that 25% of all active duty soldiers suffered from some sort of mental illness before they enlisted in the army, from hdhd to panic addition orders to depression. >> . >> an increasing number of families in the united states, one of every 88 american children, has been diagnosed with autism. a number that has almost doubled since the year 2000. and that is you have to enough for families but even a bigger challenge is looming for families of children with the developmental disorder. halresults will be living with autism in the next decade to live independently. a story of one man and his mother learning to let go. >> reporter: so thanks for letting us come to your apartment. >> you're welcome. >> i appreciate it. looks like a nice place. >> reporter: it is. >> 40-year-old brandon kramer is showing us his small but cozy apartment
the white house said the budget would raise taxes on the wealthy while providing a tax budget and expand early childhood education. >>> newly released studies call into evaluation the early psychiatric studies used by the army. journal offer medical reports finds that 25% of all active duty soldiers suffered from some sort of mental illness before they enlisted in the army, from hdhd to panic addition orders to depression. >> . >> an increasing number of families in the...
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to offset the costs of the new tax break, the president is proposing an end to an old tax break for some of the wealthy, specifically closing tax loopholes for high-income self-employed workers and fund measures. >> that's to garner $60,000,000,000 over 10 years and he is proposing full-time workers with kids get a bigger tax credit to cover child care costs. he wants to make preschool available for all 4-year-olds. also, the tack credit for college tuition, he wants to make that permanent. plus, he is incluing funding to upgrade aging highways and railroads across the country. overall, the white house says tax cuts are the biggest headline coming out of the new plan expected to help 13.5 million americans. >>> if approved, that budget takes effect october 1st. some critics saying it won't get far in congress. attorney general eric holder joining forces with republicans on the issue of prison senten s sentences. they want to get rid of mandatory minimum sentences for non-d non-violent drug offenders. the legislation is backed by president obama. holder says 1/3 of his budget at justice i
to offset the costs of the new tax break, the president is proposing an end to an old tax break for some of the wealthy, specifically closing tax loopholes for high-income self-employed workers and fund measures. >> that's to garner $60,000,000,000 over 10 years and he is proposing full-time workers with kids get a bigger tax credit to cover child care costs. he wants to make preschool available for all 4-year-olds. also, the tack credit for college tuition, he wants to make that...
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taxes. this week president obama urged lawmakers to revamp corporate and business taxes to pay for the infrastructure improvements. he also wants to raise the federal gas tax which is already at more than 18 cents a gallon. we all want safe roads and bridges. the question will be whether we have the political will to make it happen. coming up. this big oscar weekend, we will run down the categories and why have so many americans not seen the films no nominated? >> this weekend. an in-depth hook at all ten oscar nominated documentaries so "consider this," the only film feature length -- >> this is a long struggle. >> to short subject. >> just like michelangelo, in the sistine chapel. >> only on al jazeera america. >> it is oscar weekend and millions will tune in for hoirld'hollywood's biggest nigh. but a surprising report says millions of americans haven't seen even some of these. bill wyman joins us and ben mankowitz, a critic and away the flick? is this more proof that it's television that
taxes. this week president obama urged lawmakers to revamp corporate and business taxes to pay for the infrastructure improvements. he also wants to raise the federal gas tax which is already at more than 18 cents a gallon. we all want safe roads and bridges. the question will be whether we have the political will to make it happen. coming up. this big oscar weekend, we will run down the categories and why have so many americans not seen the films no nominated? >> this weekend. an...
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taxes. this week president obama urged lawmakers to revamp corporate and business taxes to pay for the infrastructure improvements. he also wants to raise the federal gas tax which is already at more than 18 cents a gallon. we all want safe roads and bridges. the question will be whether we have the political will to make it happen. coming up. this big oscar weekend, we will run down the categories and why the most important money stories of the day might effect your savings, your job or your retirement. whether it's bail-outs or bond rates this stuff gets complicated. but don't worry. i'm here to take the fear out of finance. every night on my show i break down confusing financial speak and make it real. >> this weekend. an in-depth hook at all ten oscar nominated documentaries so "consider this," the only film feature length -- >> this is a long struggle. >> to short subject. >> just like michelangelo, in the sistine chapel. >> only on al jazeera america. >> it is oscar weekend and million
taxes. this week president obama urged lawmakers to revamp corporate and business taxes to pay for the infrastructure improvements. he also wants to raise the federal gas tax which is already at more than 18 cents a gallon. we all want safe roads and bridges. the question will be whether we have the political will to make it happen. coming up. this big oscar weekend, we will run down the categories and why the most important money stories of the day might effect your savings, your job or your...
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time. e education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> hi, i'm lisa fletcher, and you're in "the stream" . you pay for internet access. but are you getting your money's worth. is your net experience being controlled by big media? >> our producer a.m. waj i wajai bringing you live feedback to the show. you name t we're on it every single day. but there is a growing concern
time. e education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it...
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are disproportionately coming from the recreational sales and it's taxed at a much higher rate than medical marijuana. >> what about the a point of ps saying about this. >> people driving, increased available for children. but with these numbers coming and. >>> & predictions of over $1 million of tax revenue for the year, the numbers really speak for themselves at this point. >> ball in a snowy denver, colorado, thanks very much. >>> from pot to politics. the '60s was an era defining -- define er defining r that decade. one period changed everything. 50 years later david shuster shows us how our nation wings redefined start building an iconic moment? sports. >> reporter: it was 50 years ago today in miami when be around dog named cas cassius clay won e heavyweight crown beating son i listosonnylisten more controvers what he said afterward. >> ain't nobody going to stop me. >> reporter: liston never knew what hit him and neither did the world. because clay's bravado was just the beginning. the next month he embraced islam and became mohamed ali. it was a knockout punch to american cu
are disproportionately coming from the recreational sales and it's taxed at a much higher rate than medical marijuana. >> what about the a point of ps saying about this. >> people driving, increased available for children. but with these numbers coming and. >>> & predictions of over $1 million of tax revenue for the year, the numbers really speak for themselves at this point. >> ball in a snowy denver, colorado, thanks very much. >>> from pot to politics....
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interestingly they said taxes. a lot of the tax gas to ukraine proper. they want to see better roads, schools, everything that we see elsewhere in the world, better autonomy. i haven't heard the word secession heard yet but they would like to be as close to russia as they always been. this has been a part of ukraine since 1954, and they really feel that russia is their closest ally. >> the crimeans worried about pocketbook issues. thank you. >>> in washington secretar secrf state john kerry urged all parties not to inflame the situation. >> we urge all parties, that includes the new interim technical government, rightists, oppositionists, others, anybody in the streets that are arm, we urge all parties to avoid all steps that could be misinterpreted or lead to miscalculation or do anything to work, to bring peace and stability, and peaceful transition within the governing process of ukraine. >> the white house is also keeping a close eye on the situation in ukraine. >> we're not going to speculate about what we might do if something might happen. we're g
interestingly they said taxes. a lot of the tax gas to ukraine proper. they want to see better roads, schools, everything that we see elsewhere in the world, better autonomy. i haven't heard the word secession heard yet but they would like to be as close to russia as they always been. this has been a part of ukraine since 1954, and they really feel that russia is their closest ally. >> the crimeans worried about pocketbook issues. thank you. >>> in washington secretar secrf state...
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new documents released thursday show playful tax plotting to make travel difficult for a rabbi and he text her last august saying the rabbi has officially p-d me off and clearly we cannot cause traffic problems in front of his house, can we and he answered flights to tel-a-viv mysteriously del delayed and they sent the e-mails about the george washington bridge plot. they will learn about bill and hillary front nominations and the library will release about 5,000 pages of documents from the clinton white house. the documents include confidential advice given to president clinton including communications within first lady hillary clinton and the papers will be posted online by the national archives with paper copies being made available at the clinton library. more than 30,000 documents could soon be released. attorney general eric holder is resting at home this morning after spending some time in the hospital for chest pains on thursday. holder felt faint and short of breath during a meeting with staff members and treated for an elevated heart rate and told he is feeling better. south
new documents released thursday show playful tax plotting to make travel difficult for a rabbi and he text her last august saying the rabbi has officially p-d me off and clearly we cannot cause traffic problems in front of his house, can we and he answered flights to tel-a-viv mysteriously del delayed and they sent the e-mails about the george washington bridge plot. they will learn about bill and hillary front nominations and the library will release about 5,000 pages of documents from the...
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temporarily take command of all national forces, the interior ministry, the armed forces, the navy, tax and border control, all commanders should take orders from me only. those who disagree, please resign. >> reporter: that scares crimea's minority population many of their san antonio cesc tourses were deported by stalin. >> it's the in i wa first time e lived under such conditions they ever taken over military bases and civil institutions that's why crimean society is filled with fear, people are afraid of everything. >> reporter: 400 miles north in the second steer, car can khary drapped pro government supporters from the city hall. much of the population opposed the take over the government in kiev. and in kiev. former opposition leader now presidential candidate vitale klischko appealed for calm. >> translator: i edge everybody no provocations, no calls for accept tim. no violence, no anarchy, legal and democratic authorities are formed in ukraine now, all that love their country have to show their patriotism and unity. >> reporter: at a military airport a possible worrying sign of
temporarily take command of all national forces, the interior ministry, the armed forces, the navy, tax and border control, all commanders should take orders from me only. those who disagree, please resign. >> reporter: that scares crimea's minority population many of their san antonio cesc tourses were deported by stalin. >> it's the in i wa first time e lived under such conditions they ever taken over military bases and civil institutions that's why crimean society is filled with...
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this is for a budget that in theory would take affect i effen october, and he wants to take away a tax break that is currently enjoyed by hedge fund managers. so it's a very traditionalcally democratic budget. >> we heard a lot of talk that the budget is dead on arrival. how frustrating is this process of passing a budget? >> you know, first of all, budgets have been largely dead on arrival for five years. this is becoming the norm. but back before the last five years under normal circumstances the president submits a proposal in february. congress then develops it's own versions, and they compromise and a budget is passed by april 15th. now we have more or less extended one budget now for five years. it's been five years since the president signed a brand new budget bill into law. so the problem here, of course, is a budget is supposed to reflect the priorities of the government of the day. and we're dealing with a budget that was set right before you know, during a recession. it's just not sensible. but this is how washington works. >> absolutely. ali, what are you looking for at the
this is for a budget that in theory would take affect i effen october, and he wants to take away a tax break that is currently enjoyed by hedge fund managers. so it's a very traditionalcally democratic budget. >> we heard a lot of talk that the budget is dead on arrival. how frustrating is this process of passing a budget? >> you know, first of all, budgets have been largely dead on arrival for five years. this is becoming the norm. but back before the last five years under normal...
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the interior ministry, the armed forces, the navy, tax and border control, all commanders should take orders from me only. those who disagree, please resign. >> reporter: that scares crimea's minority population. many of their ancestors were deported by stalin in 1944. >> it's i the first time in modn history that we have lived under search be cans, they have taken over military bases and civil institutions that's why crimean society is in fear. >> reporter: pro russian demonstrators dragged government supporters from city hauled and raised the russian flag there. much of the population opposed the take over of the government in kiev last week. in key he feel. former opposition leader now presidential candidate vitale klischko appealed for calm. >> translator: i urge everybody, no provocations, no calls for accept rah tim. no violence, no an aircraft, legal and december craig authorities are formed in ukraine now. all who love their country and responsibility and citizen conscience have to show their unity. >> reporter: at a military airport a possible worrying sign of things to come.
the interior ministry, the armed forces, the navy, tax and border control, all commanders should take orders from me only. those who disagree, please resign. >> reporter: that scares crimea's minority population. many of their ancestors were deported by stalin in 1944. >> it's i the first time in modn history that we have lived under search be cans, they have taken over military bases and civil institutions that's why crimean society is in fear. >> reporter: pro russian...
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minister announced he'd taken control of a raft of ministries, ranging from border control and navy to tax. if people in charge don't like it. they could resign. >> recognising my responsibility with the lives and safety of the people i call on the president to call for assistance, calling for peace and order in crimea. of course, plenty of people here like all of this. these people in sevastapol said they'd love it in russia handed out russian passports. >> translation: all of us are russians, we kept our documents. in our souls, we are russians. >> for the speed of all this, it left others terrified. the ukrainian church were holding a service. they see troop movements, a lack of control and they are frightened. >> we wake up in the morning and don't know what will happen. every day brings surprises. >> we found crimean tatars. defending their own channel with station. vladimir putin gave the orders, it's impossible a head of state doesn't influence another country. he warned that troops were on the boarder. damages were ready. >> the russian view is it's ridiculous to claim they were in
minister announced he'd taken control of a raft of ministries, ranging from border control and navy to tax. if people in charge don't like it. they could resign. >> recognising my responsibility with the lives and safety of the people i call on the president to call for assistance, calling for peace and order in crimea. of course, plenty of people here like all of this. these people in sevastapol said they'd love it in russia handed out russian passports. >> translation: all of us...
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customers used overseas banks to evade taxes and defraud the government and the report says the justice department has not pushed swiss bankers hard enough to reveal the names of those americans. those are the headlines this hour. i am john siegenthaler seeing. see you back here at 11 eastern 8 pacific time. soccer for all, a nearly indestrustable ball that let's kids play in some of the roughest places. consider this with antonio morrow is am coming up next. i will see you at 11:00. >> arizona's anti-gayu-gay bill vetoed but a country that receives billions of aid could send gaze to jail for life. should we put moral clauses on foreign funding. the rank and fired why the u.s. army is getting rid of dozens of soldiers. countlessva venzuelans. imagine taking the dog for a walk and coming home with $10 million in treasurer. hello, i am antonio morrow. welcome to "conde
customers used overseas banks to evade taxes and defraud the government and the report says the justice department has not pushed swiss bankers hard enough to reveal the names of those americans. those are the headlines this hour. i am john siegenthaler seeing. see you back here at 11 eastern 8 pacific time. soccer for all, a nearly indestrustable ball that let's kids play in some of the roughest places. consider this with antonio morrow is am coming up next. i will see you at 11:00. >>...
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america. education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story next only on al jazeera america >> this is al jazeera america. live from new york city, this is toins. the crisis of the ukraine is deepening. russia denies it issueden an ultimatum. this as the eu and the u.s. consider sanctions. and other measures if russia does not end military actions in ukraine. the crisis in ukraine could also impact how much i pay at the -- you pay at the pump. russia as you know is one of the world's biggest oil producers and fear of a possible disruption at the pump is driving prices higher by almost 2%. >>> short range missiles, response
america. education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it...
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the kentucky republican said he sees no hopes for major tax overhaul this year. he blames democrats, who he says wants to recognize $1 trillion in revenue. he said changes in the tax code should make the company more competitive, not raise more money for the government. >> looking at the weather front, the west could be seeing rain today. >> definitely changes on the way. that is not the case unfortunately here across the upper midwest where the cold air is locked in place, so our cold weather woes continue with a wind chill warning in place across the u.p. of michigan where it could get 40 below zero in the overnight hours. today, we have high pressure that continues to build in, drawing down that arctic air mass into the southern plains and spreading to the east. here in texas, temperatures at much as 20 degrees colder than this time yesterday, so in addition to the rain and thunderstorm activity, we're seeing along the gulf coast further inland, we are seeing patchy, in land rain for slick roadways. in the western u.s., it's fairly quiet especially across sout
the kentucky republican said he sees no hopes for major tax overhaul this year. he blames democrats, who he says wants to recognize $1 trillion in revenue. he said changes in the tax code should make the company more competitive, not raise more money for the government. >> looking at the weather front, the west could be seeing rain today. >> definitely changes on the way. that is not the case unfortunately here across the upper midwest where the cold air is locked in place, so our...
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. >> i decided to take control of the military, armed forces, navy, tax and military, all commanders take orders from me, those that disagree, pleas resign. >> that scarce the crimea tattar population, many expelled by stalin. >> it's the first time in modern history that crimea lived under such conditions. they have taken over military bases. the society is filled with fear, afraid of everyone is everything. >> 400 miles north, in cashing i've -- karkiv. in kiev former opposition leader now presidential candidate vitaly klitschko appealed for calm. >> translation: i urge everybody, no provocations, no calls for separatism, no violence or anarchy. legal and democratic societies are formed in ukraine. all have to show their patriotism and uni. >> signs of things to come. men in camouflage damaged ukrainian communications equipment. one mystery solved. the men in uniform that took over airports and other strategic locations are crimean riot police, intelligence forces, security personnel and some officers of russia's black sea fleet, according to the prime minister of crimea. there are
. >> i decided to take control of the military, armed forces, navy, tax and military, all commanders take orders from me, those that disagree, pleas resign. >> that scarce the crimea tattar population, many expelled by stalin. >> it's the first time in modern history that crimea lived under such conditions. they have taken over military bases. the society is filled with fear, afraid of everyone is everything. >> 400 miles north, in cashing i've -- karkiv. in kiev former...
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. >>> in thailand, some are trying to shut down the excise tax in bang coko bangkok. some lifted concrete barriers and forced employees to leave. the office continues to function. the government says a state of emergency could be extended until the protests end completely. >>> malaw malasia's highest co s judges postponing a decision. last october a lower court ruled in favor of the government saying none of them were allowed to use the word "allah. it has been a year since the death of hugo chavez. his successor, maduro will oversee a military parade which is due to start in the capitol within hours. there will be a ceremony at the hilltop mausoleum housing his remains. those are taking place in the shadow of venzuela's worst unrest in a decade. thousands of anti-government protesters took to the streets on tuesday. many activists wore white to symbolize peace. the government says 18 people have been killed and hundreds injured in about a month of protests. the demonstrations begin over chronic foot shortages and rising crime. >> in the street are children. it can't
. >>> in thailand, some are trying to shut down the excise tax in bang coko bangkok. some lifted concrete barriers and forced employees to leave. the office continues to function. the government says a state of emergency could be extended until the protests end completely. >>> malaw malasia's highest co s judges postponing a decision. last october a lower court ruled in favor of the government saying none of them were allowed to use the word "allah. it has been a year...
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military, navy, tax, boarder control. all commanders should take orders from me only. those that disagree, please resign. >> many of the tatar ancestors were deported by stalin in 1954. >> it's the first time in modern history that they have lived under these conditions. crimean society is filled with fear. people are afraid of everyone and everything. >> 400 miles north in the second city. pro-russian demonstrators drag supporters from city hall and raise the russian flag there. much of the population oppose the take over of the government. in kiev former opposition leader, presidential candidate appealed for calm. >> i urge everybody, no provocation, calls for separatism, no anarchy. they are not formed in ukraine. all who love the country have to show their patriotism. at a military airport. a worrying sign of things to come. >> one mystery solved. the men in uniform took over airports. the crimean riot police, intelligence forces and some officers of russia's back sea fleet according to the deputy prime minister. >> jennifer glasse joins us on the phone. she's in t
military, navy, tax, boarder control. all commanders should take orders from me only. those that disagree, please resign. >> many of the tatar ancestors were deported by stalin in 1954. >> it's the first time in modern history that they have lived under these conditions. crimean society is filled with fear. people are afraid of everyone and everything. >> 400 miles north in the second city. pro-russian demonstrators drag supporters from city hall and raise the russian flag...
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. >> a surprise that brazilians live for with taxes and anticipations. this year is no exception. >>> meanwhile it's the last weekend before mardi gras in new orleans. they are marching down the street from now until tuesday. the party ends on tuesday, the night before the lent season begins for the christian calendar. >>> going for the golden statue. they may not be famous, but we show you you the rich crop of documenties vying for an honour at the show. >> people in the u.k. and ireland got a dazzling light show thursday night. the northern lights were the best from years. they are created when solar winds were created. the time lapse photos were taken in northern england and along the coast. >> soon the documentaries at the oscars. but first the snow and meteorologist eboni deon. >> most of the ages along the u.s. that will change. many areas across the east-west and north-east seeing conditions deteriorating. an area of low pressure spinning off the coast of california, moving east ward. we are pulling in a lot of moisture. there's a severe warning i
. >> a surprise that brazilians live for with taxes and anticipations. this year is no exception. >>> meanwhile it's the last weekend before mardi gras in new orleans. they are marching down the street from now until tuesday. the party ends on tuesday, the night before the lent season begins for the christian calendar. >>> going for the golden statue. they may not be famous, but we show you you the rich crop of documenties vying for an honour at the show. >> people...
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it wants the taxes the swiss banks helped americans to dodge. our correspondent imojen foulkes is following the story from geneva. >> reporter: i think some of the detail is causing raised eyebrows in switzerland. they have a reputation for being rather cautious and careful. this comes like something out of a spy novel or a hollywood movie. the fact is the swiss do know that their big banks, credit suisse and ubs, at that period you were talking about, 2001 to 2008 were doing this kind of thing. it's pretty common knowledge. it's changed since then. there's been a big crackdown. nevertheless, we see -- i think what we see particularly with this report is that united states, there's no way it's going to give up on that lost tax revenue, and it is prepared to go into detail like this and release it because they still have credit suisse in their sights. they want that money back. i think credit suisse itself has not commented but will be very nervous. >> i am sure. despite these underhand tactics, it seems swiss banks are going to get off quite lig
it wants the taxes the swiss banks helped americans to dodge. our correspondent imojen foulkes is following the story from geneva. >> reporter: i think some of the detail is causing raised eyebrows in switzerland. they have a reputation for being rather cautious and careful. this comes like something out of a spy novel or a hollywood movie. the fact is the swiss do know that their big banks, credit suisse and ubs, at that period you were talking about, 2001 to 2008 were doing this kind of...
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officials have release add report describing the cloak and dagger swiss bachb, helping to evade tax. according to a u.s. senate panel credit suisse bankers traveled to the united states on tourist visa and solicited clients in high society new york parties as well as florida golf outings. one client said he received his bank statements inside a "sports illustrated" magazine. now, the report claims that the bank b opened swiss accounts for more than 22,000 u.s. customers with assets toelting some $12 billion. a lot more on gmt coming up. out of all the large european companies france is yet to show itself pulling itself out of the meyer. one sign would be a fall in the initial number of job seekers. hollande says he should be kujed on his success of getting french people back to work. the figures have gone from bad to worse. no one is holding their breath in paris. well over 3 million french people are actively looking for work. private firms are finding it hard to pay their labor bills and rise above those latest tax increases. more throughout the rest of the day on this story as wel
officials have release add report describing the cloak and dagger swiss bachb, helping to evade tax. according to a u.s. senate panel credit suisse bankers traveled to the united states on tourist visa and solicited clients in high society new york parties as well as florida golf outings. one client said he received his bank statements inside a "sports illustrated" magazine. now, the report claims that the bank b opened swiss accounts for more than 22,000 u.s. customers with assets...
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it is refocus back on making sure a roll taxes taxes are offset. it is phased out later so more families have that opportunity, and it is a create that poverty trap where the harder you work, the more you are punished. i think it is a smarter way of helping people, and encouraging employees to be hired. >> chairman camp is term limited. you and paul ryan had expressed interest in being the next chairman of the ways and means committee. it is said that paul ryan has the inside track. he is better known. he can raise money. is that true? >> he is a terrific leader. a good friend. the point is, i'm qualified and prepared to lead this committee. i'm going to make that case to my colleagues. this is about ideas and how we can move tax reform forward. it is good to have it. >> what will your prospects be? >> i will be in position to lead the committee. >> you think you were going to get it. >> hopefully we are going to present to the choices to our colleagues. >> thank you for being with us. coming up, unease in the ukraine. and the clintons look to the
it is refocus back on making sure a roll taxes taxes are offset. it is phased out later so more families have that opportunity, and it is a create that poverty trap where the harder you work, the more you are punished. i think it is a smarter way of helping people, and encouraging employees to be hired. >> chairman camp is term limited. you and paul ryan had expressed interest in being the next chairman of the ways and means committee. it is said that paul ryan has the inside track. he is...
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he has keen insight on tax issues. i think by simplifying the code, reducing those rates in a major way, we know this will grow the economy. we believe it will draw more capital to the united states. >> let me give you another critique. it is presented as revenue neutral. this is the committee for a responsible government. it is bipartisan. it praises hard to that. it relies on one-time revenue sources and timing shifts to pay for permanent rate cuts. it could increase deficits in the second decade. >> i think it will be the opposite. it will generate more revenue. it will add $700 billion in new revenues to help us pay down the debt. i believe, spending cuts can get us to a balanced budget. >> you think by the second decade it will raise revenues because of the dynamics. >> in the first decade. >> you drew a parallel to the 1986 tax reform under president reagan. one of the differences is that under that measure, the earned income tax credit for the poor was vastly expanded. under this proposal it would be cut back. a
he has keen insight on tax issues. i think by simplifying the code, reducing those rates in a major way, we know this will grow the economy. we believe it will draw more capital to the united states. >> let me give you another critique. it is presented as revenue neutral. this is the committee for a responsible government. it is bipartisan. it praises hard to that. it relies on one-time revenue sources and timing shifts to pay for permanent rate cuts. it could increase deficits in the...
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the president shows his new budget with tax cuts for families. deal, the ceoin will be joining us to -- a ceo will be join us to show his new currency venture. >> social media is a tool of the new revolution, we will hear from a thought leader who knows what the next big thing in business is going to be as it relates to local media. -- social media. >> i am stephanie ruhle. >> i am erik schatzker. it is a big hour on bloomberg television. in 30 minutes we will hear from the president himself as he unveils his 2015 budget from elementary school in washington. we will hear more details about what the president wants in a few minutes. before then, we will take you kiev where secretary of state john kerry is meeting with the ukrainian government. watch his reaction to the comments of president putin. it seems like a de-escalation in the tensions, in crimea in particular. >> the ball is concerned about what is happening there with putin's enintentions? 's what are vladimir putin intentions and is he being straightforward. for russia and vladimir putin
the president shows his new budget with tax cuts for families. deal, the ceoin will be joining us to -- a ceo will be join us to show his new currency venture. >> social media is a tool of the new revolution, we will hear from a thought leader who knows what the next big thing in business is going to be as it relates to local media. -- social media. >> i am stephanie ruhle. >> i am erik schatzker. it is a big hour on bloomberg television. in 30 minutes we will hear from the...
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. $60 billion to expand tax credits like the earned income tax credit. what it also does is pays for crop including insurance subsidies and cutting back on certain types of tax loopholes. what this underlines is a new reality for the obama administration. it is an election year. has startedpicture to improve. take a listen to what the president had to say that. >> is a roadmap for creating jobs with good wages and expanding opportunity for all americans. at a time when i deficit has been cut in half. it allows us to meet our obligations to future generations. from the heard president, deficit picture is looking better. much so that levels will be below where they were before the budget crisis. >> how do republicans react to away from the emphasis on deficit reduction act out >? >> john baeder came out and said that this was the most irresponsible budget yet of the obama has proposed. the president laster put out an all french to republicans and said he was willing to make changes to social security, medicare and other entitlement programs. those are all
. $60 billion to expand tax credits like the earned income tax credit. what it also does is pays for crop including insurance subsidies and cutting back on certain types of tax loopholes. what this underlines is a new reality for the obama administration. it is an election year. has startedpicture to improve. take a listen to what the president had to say that. >> is a roadmap for creating jobs with good wages and expanding opportunity for all americans. at a time when i deficit has been...
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clients she on her taxes. it is important if you are really going to the a reform bank that you have got to acknowledge what is clear in our report, the wrongdoing went beyond these mulgrew of rogue bankers. iswhat you see right there the senator nailing the biggest difference. claims that this was just a small number of bankers who were involved. in a report released by the committee, it is a very large number of bankers, as many as 1800, may have been involved. that was not results yet. hear frommittee will top justice department officials in 30 minutes. where does credit suisse stand? >> the investigation is ongoing. the justice department is looking into 14 banks related to tax evasion issues. we know credit suisse is one of those banks. for luminary negotiations and discussions between credit suisse and the justice department have occurred on some kind of settlement. here are the major issues that exist right now. this is what everyone is talking about. the big problem is the government. between the swiss
clients she on her taxes. it is important if you are really going to the a reform bank that you have got to acknowledge what is clear in our report, the wrongdoing went beyond these mulgrew of rogue bankers. iswhat you see right there the senator nailing the biggest difference. claims that this was just a small number of bankers who were involved. in a report released by the committee, it is a very large number of bankers, as many as 1800, may have been involved. that was not results yet. hear...
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taxes for families. he laid out his plans at a washington dc elementary school. >> i laid out an agenda to restore opportunities for all people. that nod the principle matter who you are, no matter where you started, you can make it if you try here in america. this opportunity agenda is built on four parts -- more good jobs and good wages from a making sure we are training workers with the skills they need to get those jobs, guaranteeing every child access to a world-class education, and making sure our economy is one in which hard work is rewarded. the budget i sent congress this morning lays out how we will implement this agenda in a balanced and responsible way. this budget adheres to the spending levels of both houses of congress, but also builds on that progress with what we are calling an opportunity, growth, and security initiative that invests in our economic ortiz in a way that's fully paid for by making smart spending cuts and closing tax loopholes that only benefit the well-off and well-connec
taxes for families. he laid out his plans at a washington dc elementary school. >> i laid out an agenda to restore opportunities for all people. that nod the principle matter who you are, no matter where you started, you can make it if you try here in america. this opportunity agenda is built on four parts -- more good jobs and good wages from a making sure we are training workers with the skills they need to get those jobs, guaranteeing every child access to a world-class education, and...
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they are getting a tremendous tax break. i think it is important there be a trade-off. >> new taxes are going to make it tough for camp to gain support from fellow republicans. the plan is nowhere near becoming law, but is the first major reconstruction attempt since 1986. let's move on to the executive branch. the president thursday launching a new initiative to provide greater opportunities for young black and hispanic men. last february, obama met with a group of young high school men in chicago. one attended the white house event and introduced the president. >> when he came, it was one of the greatest expenses of my life. most people do not get to meet him. if they do, it is just a handshake. he sat down with us and shared his story. to my surprise, he was just like me growing up without a father and sometimes not too concerned with school. [laughter] >> i explained to them when i was their age, i was a lot like them. i did not have a dad in the house. i was angry about it, even though i did not necessarily realize it a
they are getting a tremendous tax break. i think it is important there be a trade-off. >> new taxes are going to make it tough for camp to gain support from fellow republicans. the plan is nowhere near becoming law, but is the first major reconstruction attempt since 1986. let's move on to the executive branch. the president thursday launching a new initiative to provide greater opportunities for young black and hispanic men. last february, obama met with a group of young high school men...
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one way to do that is through tax-free. -- tax reform. we need to help people and create jobs and make america a better place. >> you are reducing the number of tax brackets from three. you are also reducing the top rate on the corporate side and the individual side. you are doing away with a lot of tax breaks. you have industry folks, republicans and democrats in him and you over these changes. are you ready for that? >> we are moving forward on this. rate in america was the lowest in the world. 35-25.rom 99% of taxpayers will be a 25% or less. we are moving forward. to do that, we have to make trade-offs. we can reform our tax code and do away with complexities. 25%.n reduce the code by 95% of americans will not be itemizing the small business owners. because we simplify and because the lower the rate, we can grow the economy by 20%. if we can get 20% growth, that translates to 2 million new jobs. jobs and the economy are the number one issue facing americans. americans want us to do something about it. this is one way to do something a
one way to do that is through tax-free. -- tax reform. we need to help people and create jobs and make america a better place. >> you are reducing the number of tax brackets from three. you are also reducing the top rate on the corporate side and the individual side. you are doing away with a lot of tax breaks. you have industry folks, republicans and democrats in him and you over these changes. are you ready for that? >> we are moving forward on this. rate in america was the lowest...
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getting a lower tax rate on that. a lot of republicans, a lot of businesses are not going to like the way it is paid for even if the likely effects overall. >> for a poor or low income person or family, what with the tangible benefits of this expansion of the earned income tax credit be? how much money would they see and when would they see it? >> what you would see is more directed to childless workers. there is a disparity between families and people without children. people without children do not get as much of a credit. what they will see at the end of the day is the tax refund. if their credit is greater than their tax liability, at the end of the year they will get money back then that will help them meet their bills. very real situation for people living in poverty right now. >> we talked about the minimum wage and this earned income tax credit. what are the other ideas floating around in congress to bring down the poverty rate? >> those are the two major ones. marco rubio has another idea called a wage enhanc
getting a lower tax rate on that. a lot of republicans, a lot of businesses are not going to like the way it is paid for even if the likely effects overall. >> for a poor or low income person or family, what with the tangible benefits of this expansion of the earned income tax credit be? how much money would they see and when would they see it? >> what you would see is more directed to childless workers. there is a disparity between families and people without children. people...
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inmy judgment, the tax work enterprise in savings does not do the tax consumption. basically where a lot of states are going. that is basically where we and the rivlin panel suggested to get the debt out of way -- i should dramatic -- i should say dramatically reduce the deficit, to get to a sales tax like to have in the state of washington or even to a vat tax and focus on consumption but then get rid of corporate and individual income tax. ofyou representing the haves society. not like andrew mellon but a huge -- how do you bring the trust back in the relationship between the major banks and the people watching the television program? how do you bring the trust back? >> the important thing is have the leadership of those institutions -- and i believe they are people of integrity, and vision -- and let them talk about ordinary people about saving and investment and retirement. think about this -- the problem we are facing in the united states is a good problem and a bad problem. the good problem is we live far longer than our parents and the bad thing is we live fa
inmy judgment, the tax work enterprise in savings does not do the tax consumption. basically where a lot of states are going. that is basically where we and the rivlin panel suggested to get the debt out of way -- i should dramatic -- i should say dramatically reduce the deficit, to get to a sales tax like to have in the state of washington or even to a vat tax and focus on consumption but then get rid of corporate and individual income tax. ofyou representing the haves society. not like andrew...
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havens anditish tax property all over the european union. it works like this. are amounts of money checked it out of the russian budget. here to beought secured. over the past 10 years, putin has watched how this is desperate for money in an area of low growth. this has convinced and that europe will do absolutely nothing to kill the oligarch golden goose that feeds it. he is absolutely confident the europeans will not impose banking or visa restrictions or do anything to close down their profit will tax havens. think it was a saving alliance. it has the morality of a hedge fund. make money or move it offshore. >> it sounds like he is saying that vladimir putin is the ultimate mob boss. do you agree? >> with some parts of what he said. he does certainly run the mob liken certainly a way. the basic point he has judged the west is unlikely to respond in ways that really hurt him is correct. the judgment is formed over a variety of teams. one aspect maybe corruption. he is also had a few experiences like georgia in the summer of 2008. he did a miniature version of
havens anditish tax property all over the european union. it works like this. are amounts of money checked it out of the russian budget. here to beought secured. over the past 10 years, putin has watched how this is desperate for money in an area of low growth. this has convinced and that europe will do absolutely nothing to kill the oligarch golden goose that feeds it. he is absolutely confident the europeans will not impose banking or visa restrictions or do anything to close down their...
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tax code -- credit suisse has acknowledged misconduct in the u.s. tax code. we discussed that after the break. ♪ morning, welcome back. you are watching "the pulse," live from bloomberg's european headquarters in london. currency markets -- let me show you what is happening with the pound. trading near the top end of the daily range, 1.6691. on gdp thisread morning, in line with estimates. the thing you can take away from date of this morning as that they are showing some really decent pickups in key areas of the economy that are now crucial to the recovery becoming self-sustaining. for instance, net trade, a big area the governor is concerned about. george osborne talking about this starting to pick up and adding a portion of that 0,7 to the growth number. good numbers coming out of the u.k., not better than expected, but the composition of the gdp read is slightly better than anticipated, hence the rebound in the pound versus the u.s. dollar. let's turn our attention to one of our main stories, credit suisse, a u.s. senate committee bank held american cus
tax code -- credit suisse has acknowledged misconduct in the u.s. tax code. we discussed that after the break. ♪ morning, welcome back. you are watching "the pulse," live from bloomberg's european headquarters in london. currency markets -- let me show you what is happening with the pound. trading near the top end of the daily range, 1.6691. on gdp thisread morning, in line with estimates. the thing you can take away from date of this morning as that they are showing some really...
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the president is proposing lower tax cuts for families. phil mattingly is here with more details on the budget. give us highlights. click that is right. we know a couple of things before it is officially released. $56 billion in new spending in this budget, a lot of it based on infrastructure, early childhood education. the white house is focused on the expansion of the tax credit, to expanded for lower income adults without children. that appeals to republicans, most notably senator marco rubio. the administration is hoping there might be some bipartisanship going forward. >> there is a notable absence of changes to entitlement programs. this is something they were willing to be flexible on. why this? >> that is right. there are no major changes to entitlement programs. they addressed social security. branch ton olive republicans. the main reason his house and senate democrats said to take it out. this is a major election year and we do not think this should be in any type of policy baseline. that is gone and officials tell me it will be
the president is proposing lower tax cuts for families. phil mattingly is here with more details on the budget. give us highlights. click that is right. we know a couple of things before it is officially released. $56 billion in new spending in this budget, a lot of it based on infrastructure, early childhood education. the white house is focused on the expansion of the tax credit, to expanded for lower income adults without children. that appeals to republicans, most notably senator marco...
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five years ago, they would go to out-of-the-way places to save on taxes, but the tax issue has gone away in e-commerce, and they're coming right in with the population is. >> it is all because of this demand for same day delivery -- >> it is going in that direction . nothing is getting slower. >> we will be back with hamid moghadam, the chairman and ceo of prologis. coming up, dish pulling ahead in the race to deliver television over the internet. can it succeed where others have failed? ♪ >> we are back with prologis chairman and ceo hamid moghadam. we were talking about what is going on in the u.s., but i'm curious about what is going on on overseas because we care about emerging markets not growing like they used to -- because we hear about how emerging markets are not growing like they used to. what are you saying outside of the u.s.? >> emerging markets have slowed down, brazil and mexico have been slow, but our business is gdp.ed to consumption, not consumption is related to the emergence of the middle class, and these companies are going through a phase where they are in the ste
five years ago, they would go to out-of-the-way places to save on taxes, but the tax issue has gone away in e-commerce, and they're coming right in with the population is. >> it is all because of this demand for same day delivery -- >> it is going in that direction . nothing is getting slower. >> we will be back with hamid moghadam, the chairman and ceo of prologis. coming up, dish pulling ahead in the race to deliver television over the internet. can it succeed where others...
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you are not going to raise the gas tax, you are not going to restructure the corporate tax code in the near future. but if oil prices can stay where they are or go up a little bit and can fund the development of a lot of energy infrastructure, that will drive road, rail, and other transportation infrastructure we're talking about. you need a private sector impetus. dry?sentially the pot is the piggy bank is empty? >> it pretty much is. highway funding is done. vehicle miles traveled have been dropping. gas tax revenues are falling. the need for a public-private partnership. you have private money coupled with public management. why can't we get that done? >> that does happen. but the economic incentive has to be there. we start natural gas exports and crude oil exports. the prices equalize between the center of the u.s. where the crude oil piles up in barrels and the rest of the world -- you can have it better environment for private investment and international energy agency's have estimated that it is in the trillions of dollars, the infrastructure investment, to man come in to devel
you are not going to raise the gas tax, you are not going to restructure the corporate tax code in the near future. but if oil prices can stay where they are or go up a little bit and can fund the development of a lot of energy infrastructure, that will drive road, rail, and other transportation infrastructure we're talking about. you need a private sector impetus. dry?sentially the pot is the piggy bank is empty? >> it pretty much is. highway funding is done. vehicle miles traveled have...
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Mar 4, 2014
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market the tax breaks. is that something you can replicate on the continent? we have this branch of financial services now. we will increase the penetration of financing. it is giving additional business opportunities and increases customer retention. >> why will i buy one of your cars this year? simply because you're financing is better or because i like the product? talk me through the selling points that gm is going to be delivering to put itself back on the map. >> we believe that the product and the brand are key. the product is really improved now. we have great products. the brand is also great. opel got a bit too pale in the past. we have a new campaign now. the german and approachable bit of the brand. on the technology side, we have really given products the new engines. >> you have a lot of ties with russia. can you plan for what is going on right now? do you have contingencies in place? >> it is obviously difficult to plan in such an environment and in emerging countries in general. russia is a very important market for us. it is the third biggest
market the tax breaks. is that something you can replicate on the continent? we have this branch of financial services now. we will increase the penetration of financing. it is giving additional business opportunities and increases customer retention. >> why will i buy one of your cars this year? simply because you're financing is better or because i like the product? talk me through the selling points that gm is going to be delivering to put itself back on the map. >> we believe...
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Mar 3, 2014
03/14
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the capital gains tax, you need 70%,ve a down payment of which is quite significant. so that money is looking for somewhere us to go. australia has some obvious appeal. not only is the environment much are specialthere visa categories for wealthy chinese coming to urging them to invest here. a lot of chinese are sending their children to schools and universities here. they look to buy homes for them. many weaker australian dollar has made property here relatively cheaper. i say relatively because the quality of the housing hearing is not that fantastic -- the housing here is not that fantastic. but that has not told the chinese interest. innese investments commercial and residential real estate property here in australia is up 42%. 5.90 $5 billion. that has taken over the number one spot over the united states. and that includes a plunging u.s. investment in australia. seems that chinese investors are more than happy to fill the void. >> thank you. a quick check on the winners of this year's academy awards. disney just won the academy award for "frozen," animated feat
the capital gains tax, you need 70%,ve a down payment of which is quite significant. so that money is looking for somewhere us to go. australia has some obvious appeal. not only is the environment much are specialthere visa categories for wealthy chinese coming to urging them to invest here. a lot of chinese are sending their children to schools and universities here. they look to buy homes for them. many weaker australian dollar has made property here relatively cheaper. i say relatively...
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Mar 5, 2014
03/14
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it goes into british tax havens and prophecies. >> it is hard to true all of that. >> is easy to prove. russian officials have income declarations -- declarations. is clear, looking from russia. >> that is ok. this is illegal. >> according to the russian is for illegal0% activity. on.et's move >> let's have a look at the trading partner. the largest foreign investors are the british virgin islands. >> this is what we want to get the bottom of. let's try to figure out what and view is on the ukraine how this crisis will pan out. >> vladimir putin feels that he was pushed out of deciding the ukraine's fate. what happened was not a blitzkrieg. rents -- thehe west was thrown off balance. imposed,see sanctions we will see rapidly deteriorating rates. happens, if they decide that they do not want to carry on with this, how influential committee on vladimir putin westmark >> his billion-dollar bets with his regime is that there is too much money involved to impose meaningful sanctions. imposednited states has visa restrictions in the past. -- >> russianna money is not in the united states. ar
it goes into british tax havens and prophecies. >> it is hard to true all of that. >> is easy to prove. russian officials have income declarations -- declarations. is clear, looking from russia. >> that is ok. this is illegal. >> according to the russian is for illegal0% activity. on.et's move >> let's have a look at the trading partner. the largest foreign investors are the british virgin islands. >> this is what we want to get the bottom of. let's try to...
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Mar 6, 2014
03/14
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. -- a tax you will pay on the game. it is inefficient to sell. if you buy it and hold it for the long term, you will never regret it. and as foreign buffett says, your children and great-grandchildren will thank you. >> the biggest thing for you? obviously, everyone wants to buy good, quality real estate. the biggest thing for you come how you know it is -- the biggest thing for you, how you know it is? >> don't focus on the macroeconomics. focus on the quality of the earning stream and a likely earning stream. that youhallenge is a pricebeing shouted at everyday. if you hold on, you are less tempted to sell it and you just close your eyes will stop the people that did -- close your eyes. the people that did during the downturn in 2008 are glad. >> hang on. we will be back in two minutes. 10 minutes away from the open. ♪ but moving and shanking, donald -- mcdonald's see the oh -- >> moving and shaking, mcdonald's ceo don thompson. we will be back. ♪ >> welcome back. it is 26 minutes past the hour, which means bloomberg television is on the ma
. -- a tax you will pay on the game. it is inefficient to sell. if you buy it and hold it for the long term, you will never regret it. and as foreign buffett says, your children and great-grandchildren will thank you. >> the biggest thing for you? obviously, everyone wants to buy good, quality real estate. the biggest thing for you come how you know it is -- the biggest thing for you, how you know it is? >> don't focus on the macroeconomics. focus on the quality of the earning...